Kapitalo Investimentos Ltda Has $246,000 Stock Position in Saia, Inc. (NASDAQ:SAIA)

Kapitalo Investimentos Ltda grew its holdings in shares of Saia, Inc. (NASDAQ:SAIAFree Report) by 98.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 561 shares of the transportation company’s stock after buying an additional 279 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Saia were worth $246,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Saia during the third quarter worth about $212,000. HighTower Advisors LLC raised its position in Saia by 1.3% in the third quarter. HighTower Advisors LLC now owns 2,947 shares of the transportation company’s stock worth $1,181,000 after acquiring an additional 39 shares during the period. UBS Group AG raised its position in Saia by 884.3% in the third quarter. UBS Group AG now owns 22,768 shares of the transportation company’s stock worth $9,076,000 after acquiring an additional 20,455 shares during the period. Kestra Advisory Services LLC raised its position in shares of Saia by 26.4% in the third quarter. Kestra Advisory Services LLC now owns 1,379 shares of the transportation company’s stock valued at $550,000 after purchasing an additional 288 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of Saia in the third quarter valued at approximately $668,000.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research reports. Susquehanna lowered their price target on shares of Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Bank of America decreased their price objective on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a report on Monday, April 29th. TD Cowen upped their price objective on shares of Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a report on Thursday, June 6th. UBS Group decreased their price objective on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Raymond James upped their price objective on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $497.41.

Check Out Our Latest Stock Report on SAIA

Saia Stock Performance

Shares of NASDAQ:SAIA traded up $0.35 during trading on Tuesday, hitting $447.69. The company’s stock had a trading volume of 18,372 shares, compared to its average volume of 367,404. The company has a 50-day moving average of $450.68 and a 200-day moving average of $484.94. Saia, Inc. has a 12 month low of $302.35 and a 12 month high of $628.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 1.62 and a beta of 1.70.

Saia (NASDAQ:SAIAGet Free Report) last issued its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter last year, the company earned $2.85 EPS. Saia’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, sell-side analysts expect that Saia, Inc. will post 15.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John P. Gainor, Jr. bought 500 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, the director now owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

Saia Company Profile

(Free Report)

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.

See Also

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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